Tokyo’s Nikkei index hits new 30-year high

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Tokyo

Japan’s benchmark Nikkei index climbed to a new 30-year high Tuesday, tracking Wall Street gains on hopes for additional stimulus.

The benchmark Nikkei 225 index gained 0.40 percent, or 117.43 points, to close at 29,505.93, while the broader Topix index advanced 0.08 percent, or 1.59 points, to 1,925.54. “

The Nikkei index struggled to grow after investors became cautious about overheating, but it steadily hovered around the 29,500 level,” Okasan Online Securities said. Analysts said hopes for further US economic stimulus and the positive effect of Japan’s own virus rescue package supported the market.
—AFP